About Punjab & Sind Bank

Owned by Government of India, Punjab & Sind Bank was incepted in 1908 with its headquarters in New Delhi. The bank provides a host of banking products such as commercial banking, investment bank, retail banking, private banking, loans and credit/debit cards, mortgage and much more. The bank was founded by distinguished personalities like Bhai Vir Singh, Sir Sunder Singh Majitha and Sardar Tarlochan Singh in the holy city of Amritsar on the principles which involve a social commitment towards a weaker section of the society in their economic interests so as to advance their standard of living.

The bank incorporates its presence in Patna city as well. Patna, the capital city of Bihar is a prominent centre for agriculture and centre of trade. The city is also an exporter of specialized commodities like sugarcane, sesame, and medium-grained Patna rice. It becomes possible due to the financial grants disseminated through the banking sector including Punjab & Sind Bank as approved by the local Government. The city is a shelter to the aspiring business industries for setting up their legacy. It is resultantly due to the business loan scheme offered by the banking sector involving Punjab& Sind Bank in the name of P& S Bank Multipurpose Business Loan (Mortgage) Scheme to retailers, wholesale traders, contractors, professional and self-employed and small and medium business enterprises manufacturing concerns.

The fast growth is clearly seen in the Fast-Moving Consumer Goods industry which has generated a niche for themselves from the support of financial loans and grants obtained from the local Government including Punjab & Sind Bank from time-to-time.

ii)Pension Class: Pensioners having their pension account with our Bank.

For Salaried Class:

Up-to 18 times monthly net salary/1.5 times of Net Annual Income or ₹ 3 lacs, whichever is lessFor Pensioner:(a) Pensioners upto the age of 65 years - Up-to 15 times monthly net pension or ₹ 3lacs, whichever is less

b) For Pensioners above the age of 65 years and upto the age of 70 years - Up-to 10 times monthly net pension or ₹ 1 Lac, whichever is less

12.50% - 13.75%

One-Time:1.0% of the loan amount.

Upto 5 years

Car Loan

Individuals, proprietorship/partnership firm/ Limited company, trust, society, associations owning and operating or proposing to own and operate transport vehicles for carrying passengers or goods on hire.

The borrower/borrowers hold the necessary driving license or engage driver possessing valid license to operate the type of vehicle for which credit is sought.

The borrower/borrowers should submit proof for permanent residential address.

The borrower/borrowers should have been granted a permit by an appropriate authority to ply vehicle for passengers or goods traffic for hire.

The borrower should have sufficient net worth to pay for the margin and initial recurring expenses like registration, Insurance, etc. In case where the borrower does not meet this requirement, a co-borrower having sufficient net worth may be included.

Any one of the borrower or guarantor should have minimum two years experience in relevant transport business

For new business entities: - Maximum ₹ 50.00 lac

For existing business entities: - Maximum ₹ 2.00 crore (Loans above ₹ 2.00 crore may be considered out of this policy and may be considered as per the guidelines vide loan policy of the Bank.)

8.65% - 11.40%

One time:1.00% of the loan amount(Refund of entire Processing fee is available at the time of final payment provided borrower makes timely repayment of installments).

Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR

Copy of the Trust Deed Copy of the registration certificate Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account Photographs of the members operating the accountAssociations/Clubs

By-laws of the Association Copy of the Resolution by the board authorizing the members concerned to open and operate the account Photographs of the members operating the account

Partnership FirmPartnership Deed Letter from partners approving the persons concerned to open and operate the account Photographs of the persons operating the account

Public or Private Limited CompaniesBoard Resolution / Authority LetterMemorandum & Articles of AssociationCertificate of IncorporationCertificate of Commencement of Business (Public Limited Company)Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROCGoverning Act / Rules and Regulations(PSUs) (certified true copy)

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